
Turkey to supply natural gas from Azerbaijan to Syria
Natural gas from Azerbaijan will be delivered to Syria via the Kilis pipeline through Turkey from Aug. 2, Energy Minister Alparslan Bayraktar told the state-run Anadolu Agency.
Once a strong backer of rebel forces seeking to overthrow former President Bashar al-Assad, Turkey is now firmly supporting Syria's new government, helping to stabilize and rebuild the country.
Bayraktar said an initial supply of 6 million cubic meters of gas to Syria is expected to produce around 1,200 megawatts of electricity. Qatar is contributing to the project's financing, the minister said.
'With the natural gas that will be supplied, the goal is to increase the current three to four hours of daily electricity availability to 10 hours, making a positive impact on people's lives,' Bayraktar said.
A ceremony attended by ministers from Turkey, Syria, and Qatar will be held in Kilis on Aug. 2, he told Anadolu.
The Associated Press
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Associated Press
25 minutes ago
- Associated Press
How Mississippians can intervene in natural gas pipeline proposal
Mississippians have until Tuesday to intervene in a proposal for a natural gas pipeline that would span nearly the full width of the state. The pipeline, called the 'Mississippi Crossing Project,' would start in Greenville, cross through Humphreys, Holmes, Attala, Leake, Neshoba, Newton, Lauderdale and Clarke counties and end near Butler, Alabama, stretching nearly 208 miles. Tennessee Gas Pipeline Co., a subsidiary of Kinder Morgan, sent an application for the project to the Federal Energy Regulatory Commission on June 30. The company hopes the pipeline, which would transfer up to 12 billion cubic feet of natural gas per day, will address a rising energy demand by increasing its transportation capacity. Kinder Morgan says on its website that, should it receive approval, construction would begin at the end of 2027 and the pipeline would begin service in November 2028. The company says the project would cost $1.7 billion and create 750 temporary jobs as well as 15 permanent positions. The project would also include new compressor stations in Humphreys, Attala and Lauderdale counties, although exact locations haven't been set. Singleton Schreiber, a national law firm that focuses on environmental justice, is looking to spread awareness of the public's ability to participate in the approval process, whether or not they support the proposal. 'We're just trying to raise awareness to make sure that people know this is happening,' said Laura Singleton, an attorney with the firm. 'They're going to have to dig and construct new pipelines, so it's going to pass through sensitive ecosystems like wetlands, private property, farmland, things like that. So you can have issues that come up like soil degradation, water contamination, and then after the pipeline is built you could potentially have leaks, spills.' Singleton added while such issues with pipelines are rare, when 'things go bad, they go pretty bad.' To comment, protest, or file a motion to intervene, the public can go to FERC's website (new users have to create an account, and then use the docket number 'CP25-514-000'). The exact deadline is 4 p.m. on Aug. 5. More instructions can also be found here. In addition to FERC, the proposal will also face review from the U.S. Army Corps of Engineers, U.S. Fish and Wildlife Service, National Park Service and the state environmental agencies in Mississippi and Alabama. Mississippians have seen multiple incidents related to gas leaks in recent years. In March, three workers were injured after accidentally rupturing an Atmos Energy pipeline doing routine maintenance in Lee County, leaving thousands without service. Then last year, the National Transportation Safety Board found that Atmos discovered gas leaks over a month prior to two explosions in Jackson, one of which claimed the life of an 82-year-old woman. ___ This story was originally published by Mississippi Today and distributed through a partnership with The Associated Press.
Yahoo
27 minutes ago
- Yahoo
Are Wall Street Analysts Predicting Chevron Stock Will Climb or Sink?
Valued at a market cap of $274.2 billion, Chevron Corporation (CVX) is a leading integrated oil and gas company headquartered in Houston, Texas. It operates across the entire energy supply chain, from the exploration and production of crude oil and natural gas to transportation, refining, marketing, chemical manufacturing, and power generation. This energy giant has underperformed the broader market over the past 52 weeks. Shares of CVX have declined 3.8% over this time frame, while the broader S&P 500 Index ($SPX) has gained 17%. Moreover, on a YTD basis, the stock is up 6%, compared to SPX's 8.2% rise. More News from Barchart Crude Oil and the US Dollar Index Are Heading Higher, and Commodity Traders Are Taking Note Nat-Gas Prices Retreat on a Mixed Weather Forecast Crude Prices Supported by President Trump's Threats to Sanction Russian Energy Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! However, zooming in further, CVX has outpaced the First Trust Nasdaq Oil & Gas ETF's (FTXN) 9.3% loss over the past 52 weeks and 1.8% drop on a YTD basis. On May 2, shares of CVX surged 1.6% after reporting mixed Q1 results. Due to a 1% decline in sales and other operating revenues coupled with lower income from equity affiliates, the company's top line fell 2.3% year-over-year to $47.6 billion, missing consensus estimates by 2.2%. Meanwhile, its adjusted EPS of $2.18 also decreased 25.6% from the year-ago quarter, but surpassed Wall Street's expectations by 1.4%. Despite changing market conditions, its cost discipline efforts continued to support its profitability. For the current fiscal year, ending in December, analysts expect Chevron's EPS to drop 27.8% year over year to $7.26. The company's earnings surprise history is mixed. It exceeded the consensus estimates in two of the last four quarters, while falling short on two other occasions. Among the 22 analysts covering the stock, the consensus rating is a 'Moderate Buy' which is based on 11 'Strong Buy,' three "Moderate Buy,' six 'Hold,' and two "Strong Sell' ratings. This configuration is less bullish than three months ago, with 12 analysts suggesting a 'Strong Buy' rating, and one recommending a 'Strong Sell.' On Jul. 29, Evercore Inc. (EVR) analyst Stephen Richardson gave a 'Buy' rating on CVX and set a price target of $180, implying a 17.2% potential upside from the current levels. The mean price target of $163.64 represents a 6.6% premium from Chevron's current price levels, while the Street-high price target of $186 suggests an upside potential of 21.1%. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
37 minutes ago
- Yahoo
Uniper and Tourmaline sign eight-year natural gas supply agreement
Uniper has entered into a long-term natural gas supply agreement with Tourmaline, which spans eight years starting from November 2028. The liquefied natural gas (LNG) netback supply agreement will see Tourmaline supply Uniper with 80,000 million British thermal units (MBtu) of natural gas per day, amounting to an estimated 234 billion cubic feet over the lifetime of the agreement. The gas will be delivered to the ANR trading hub in south-east Louisiana, with pricing based on the Dutch title transfer facility (TTF). This arrangement provides Tourmaline with exposure to international pricing, a strategic move for Canada's largest natural gas producer. Uniper chief commercial officer Carsten Poppinga said: 'We are extremely pleased to close this deal with one of Canada's most respected gas producers. 'It showcases our ability to offer important international pricing exposure to a valued North America supplier and further diversifies Uniper's LNG supply sourcing portfolio, an important aspect of our European security of supply objectives.' The deal follows Uniper's separate LNG agreement with Woodside Energy, which includes commitments from Woodside's US-based Louisiana LNG production and export terminal for up to two million tonnes per annum. Tourmaline president and chief executive officer Mike Rose said: 'This long-term supply agreement with Uniper supports the continued execution of our market diversification strategy. We are proud to be supplying Canadian natural gas to meet rising demand in international markets and to enhance European energy security.' Furthermore, in September last year, Uniper and ConocoPhillips broadened their long-standing gas collaboration, agreeing to a deal that will see the provision of as much as ten billion cubic metres of natural gas over the coming decade. In a shared announcement, the two companies disclosed that ConocoPhillips will deliver natural gas to Uniper in north-western Europe, capitalising on its current network of gas pipelines and its expanding LNG portfolio. "Uniper and Tourmaline sign eight-year natural gas supply agreement" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data